XML Financial LLC Acquires 446 Shares of Enbridge Inc. (NYSE:ENB)

XML Financial LLC raised its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,145 shares of the pipeline company’s stock after purchasing an additional 446 shares during the quarter. XML Financial LLC’s holdings in Enbridge were worth $656,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ENB. TruNorth Capital Management LLC purchased a new stake in Enbridge in the 2nd quarter valued at about $28,000. William B. Walkup & Associates Inc. purchased a new stake in shares of Enbridge in the second quarter valued at approximately $28,000. Ameritas Investment Partners Inc. bought a new position in Enbridge in the first quarter worth approximately $29,000. Grove Bank & Trust increased its holdings in Enbridge by 56.7% during the 3rd quarter. Grove Bank & Trust now owns 771 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 279 shares during the period. Finally, MFA Wealth Advisors LLC raised its position in Enbridge by 55.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 280 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ENB shares. Jefferies Financial Group lowered Enbridge from a “buy” rating to a “hold” rating in a research note on Monday, September 30th. Wells Fargo & Company upgraded shares of Enbridge from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley began coverage on shares of Enbridge in a report on Friday, October 25th. They set an “equal weight” rating on the stock.

Enbridge Price Performance

Shares of ENB stock opened at $42.33 on Monday. The stock’s 50-day moving average is $40.92 and its 200 day moving average is $38.21. Enbridge Inc. has a 1-year low of $32.76 and a 1-year high of $42.61. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.62 and a quick ratio of 0.68. The company has a market cap of $92.18 billion, a P/E ratio of 19.60, a PEG ratio of 4.11 and a beta of 0.93.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.15. The firm had revenue of $10.91 billion for the quarter, compared to the consensus estimate of $4.54 billion. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. During the same quarter in the previous year, the firm earned $0.46 EPS. Research analysts predict that Enbridge Inc. will post 2.06 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be issued a dividend of $0.676 per share. This represents a $2.70 annualized dividend and a dividend yield of 6.39%. The ex-dividend date is Friday, November 15th. This is a positive change from Enbridge’s previous quarterly dividend of $0.67. Enbridge’s dividend payout ratio is currently 122.22%.

About Enbridge

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.